I currently have the 1st mortgage with only $37,000 owed on it, line of equity with $35,000, 3rd mortgage with $100,000 owed on it and finally the 4th with $78,000 owed. The last apprasial of the house was $140,000. Further detail of the situation the 3rd and 4th mortgages were done in conjuction with a business and there are some assets left in that business. Lots of Credit card debt exist also. What is the best option in bankruptcy? I would love to keep my home. First and second mortgage are current. Third mortgage is working with us to liquidate assets and redo the 3rd loan after that. Fourth mortgage is only behind 1 payment.